FDVLX vs. HAMVX

Last updated Jun 4, 2026

FDVLX (Fidelity Value Fund) and HAMVX (Harbor Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, FDVLX returned 13.86%/yr vs 10.55%/yr for HAMVX. With a 0.96 correlation, they move nearly in lockstep. FDVLX charges 0.79%/yr vs 0.85%/yr for HAMVX.

Performance

FDVLX vs. HAMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Value Fund (FDVLX) and Harbor Mid Cap Value Fund (HAMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FDVLX having a 16.84% return and HAMVX slightly lower at 16.65%. Over the past 10 years, FDVLX has outperformed HAMVX with an annualized return of 13.86%, while HAMVX has yielded a comparatively lower 10.55% annualized return.

FDVLX

• 1D: 0.31%
• 1M: 3.40%
• YTD: 16.84%
• 6M: 18.08%
• 1Y: 34.61%
• 3Y*: 25.65%
• 5Y*: 13.91%
• 10Y*: 13.86%

HAMVX

• 1D: 0.47%
• 1M: 3.32%
• YTD: 16.65%
• 6M: 17.88%
• 1Y: 35.32%
• 3Y*: 20.77%
• 5Y*: 10.71%
• 10Y*: 10.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDVLX vs. HAMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDVLX Fidelity Value Fund	16.84%	11.32%	30.11%	19.57%	-9.07%	35.30%	9.33%	31.68%	-17.58%	14.11%
HAMVX Harbor Mid Cap Value Fund	16.65%	16.00%	12.10%	16.42%	-5.63%	29.93%	-3.77%	22.93%	-17.82%	12.01%

Correlation

The correlation between FDVLX and HAMVX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 5, 2002	0.96

The correlation between FDVLX and HAMVX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

FDVLX vs. HAMVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDVLX

FDVLX Risk / Return Rank: 65
FDVLX Sharpe Ratio Rank: 61
FDVLX Sortino Ratio Rank: 61
FDVLX Omega Ratio Rank: 52
FDVLX Calmar Ratio Rank: 81
FDVLX Martin Ratio Rank: 72

HAMVX

HAMVX Risk / Return Rank: 86
HAMVX Sharpe Ratio Rank: 85
HAMVX Sortino Ratio Rank: 84
HAMVX Omega Ratio Rank: 74
HAMVX Calmar Ratio Rank: 94
HAMVX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDVLX vs. HAMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) and Harbor Mid Cap Value Fund (HAMVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FDVLX	HAMVX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.75	-0.46
Sortino ratio: Return per unit of downside risk	3.28	3.97	-0.69
Omega ratio: Gain probability vs. loss probability	1.40	1.48	-0.08
Calmar ratio: Return relative to maximum drawdown	3.72	5.41	-1.69
Martin ratio: Return relative to average drawdown	13.69	19.16	-5.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDVLX vs. HAMVX - Sharpe Ratio Comparison

The current FDVLX Sharpe Ratio is 2.29, which is comparable to the HAMVX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of FDVLX and HAMVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDVLX	HAMVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.75	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.57	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.48	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.40	+0.18

Drawdowns

FDVLX vs. HAMVX - Drawdown Comparison

The maximum FDVLX drawdown since its inception was -66.91%, roughly equal to the maximum HAMVX drawdown of -64.17%. Use the drawdown chart below to compare losses from any high point for FDVLX and HAMVX.

Drawdown Indicators

	FDVLX	HAMVX	Difference
Max Drawdown Largest peak-to-trough decline	-66.91%	-64.17%	-2.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-6.84%	-3.06%
Max Drawdown (3Y) Largest decline over 3 years	-31.45%	-21.04%	-10.41%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-21.04%	-10.41%
Max Drawdown (10Y) Largest decline over 10 years	-48.66%	-51.44%	+2.78%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.02%	-9.98%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	1.93%	+0.76%

Volatility

FDVLX vs. HAMVX - Volatility Comparison

Fidelity Value Fund (FDVLX) has a higher volatility of 4.19% compared to Harbor Mid Cap Value Fund (HAMVX) at 3.24%. This indicates that FDVLX's price experiences larger fluctuations and is considered to be riskier than HAMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDVLX	HAMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	3.24%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	9.24%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	13.45%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.55%	18.83%	+7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.19%	21.90%	+3.29%

FDVLX vs. HAMVX - Expense Ratio Comparison

FDVLX has a 0.79% expense ratio, which is lower than HAMVX's 0.85% expense ratio.

Dividends

FDVLX vs. HAMVX - Dividend Comparison

FDVLX's dividend yield for the trailing twelve months is around 8.60%, more than HAMVX's 7.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDVLX Fidelity Value Fund	8.60%	10.05%	33.05%	3.71%	7.08%	9.79%	0.98%	3.34%	16.25%	3.38%	1.26%	10.97%
HAMVX Harbor Mid Cap Value Fund	7.43%	8.67%	5.77%	7.20%	8.24%	1.27%	2.35%	3.10%	8.41%	3.84%	3.06%	3.30%

Frequently Asked Questions

Can I hold both FDVLX and HAMVX in my portfolio?

With a correlation of 0.94, FDVLX and HAMVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDVLX or HAMVX?

FDVLX has higher volatility (4.19%) compared to HAMVX (3.24%). In terms of maximum drawdown, FDVLX dropped -66.91% vs HAMVX's -64.17%.

Which has better risk-adjusted returns?

HAMVX currently has the higher Sharpe Ratio (2.75 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.